The recent shale gas boom in Pennsylvania has turned the region into one of the top producers of natural gas in the United States. Brazil is taking notice, paying particular attention as the South American country prepares to auction off drilling rights to its shale gas reserves.
A delegation of Brazilian business representatives visited shale experts in Washington D.C. and Pennsylvania last week, gathering information on best practices to prepare the country to better handle its new natural resource while protecting the environment and benefiting Brazil’s economy. The discovery also has the opportunity to make Brazil - the largest economy in Latin America - more attractive to potential business investment by lowering the cost of energy.
geoAMPS, a software company located in Columbus, OH, near the Marcellus and Utica shale plays, offers web-based software that helps oil and natural gas planners navigate the complexities of tracking land and mineral rights. landAMPS, one of the suite of products offered by geoAMPS, provides an efficient web-based application to help with all the possible data to consider when it comes to drilling rights. The software automates much of the information needed to make critical decisions and complete essential tasks.
Midstream Business, a leading publication following the oil and natural gas industries, has published an article featuring information from geoAMPS about how technology available from geoAMPS helps oil and gas companies arrive at near optimal solutions.
One of the most shocking aspects of the report states that a unit of natural gas which sells in the United States for around $4 would have a market price of around $18 in Brazil, hindering the growth of Brazil's economy.
But it's not clear how successful shale gas drilling can or will be in Brazil. One of the visiting delegates noted that there are no individuals in Brazil who own mineral rights and that the government owns the rights. That leaves a key bargaining chip on the table for local residents as the country looks to profit from its newfound resource.
Nathan Mirolo is Marketing and Communications Specialist at geoAMPS, a technology company in the Columbus, Ohio, area committed to partnerships and investments in research and development enabling the creation of comprehensive industry specific solutions that are powerful, yet intuitive to meet the individual, demanding needs of business. For more information, visit www.geoamps.com or call 614-389-4871.